Azerbaijan, WB Discuss Preparation Of New Country Partnership Framework
Date
7/15/2024 10:09:07 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 15. Azerbaijan and the
WB have discussed the preparation of a new Country Partnership
Framework, Azerbaijani Economy Minister Mikayil Jabbarov wrote on
X, Trend reports.
The publication notes that a meeting was held with the World
Bank's Regional Director for the South Caucasus, Rolande Pryce, and
her team.
"We discussed the preparation of a new Country Partnership
Framework for Azerbaijan for 2025-2029 and considered projects to
be implemented to stimulate the economic development of our
country," the publication reads.
According to the Ministry of Economy of Azerbaijan, the meeting
highlighted Azerbaijan's successful cooperation with the WB and
highly assessed the projects for which the Bank provides technical
assistance and financial support.
The issues within the framework of cooperation with the WB on
renewable energy and transition to a "green" economy, as well as
projects Azerbaijan is interested in implementing, were brought to
attention.
To note, during more than 30 years of successful cooperation
between the Republic of Azerbaijan and the World Bank, the Bank has
provided Azerbaijan with 49 already completed and 3 ongoing state
loans for 52 projects totaling more than $4 billion.
Furthermore, more than $30 million has been allocated for grant
projects in various directions for more than 115 technical
assistance projects.
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